CHAP. 365.—An ACT toincorporate the Brookneal mining and im-
provement company.

Approved February 25, 1890.

1. Be it enacted by the general assembly of Virginia,
That Samuel H. Hudnall, Frank Nelson. John M. Elder,
J. Sidney Peters, of Campbell county; Charles Bruce, of
Charlotte county; Thomas N. Page, Thomas N. Carter, and
Rosewell Page, of Richmond; William C. Bruce, of Balti-
more, Maryland, and Landon C. Berkley, junior, of Dan-
ville, or such of them as may accept the provisions of this
act, their associates and successors, be, and they are hereby,
incorporated and made a body politic and corporate under
the name and style of the Brookneal mining and improve-
ment company, and by that name shall be known in law,
and shall have perpetual succession, and have power to
sue and be sued, plead and be impleaded, defend and be
defended in all courts, whether in law or equity, and may
make and have acommon seal, and alter and renew the
same at pleasure, and shall have, enjoy and exercise all
the rights, powers and privileges pertaining to corporate
bodies and to natural persons necessary for the purposes
of this act, and may make by-laws, rules and regulations
consistent with the existing laws of the state for the gov-
ernment of all under its authority, the management of its
properties and the due and orderly conduct of its affairs.

2. The capital-stock shall be not less than ten thousand
dollars and may be increased to any amount not exceeding
two hundred thousand dollars, by subscription or by the
issue and sale of shares, and shall be divided into shares,
the par value of which shall be one hundred dollars each,
and the directors may sell said shares of stock, or any
part thereof, at such price as they may deem to be to the
best interests of the company, and may receive real or per-
sonal properties or services in payment therefor, at such
valuation as may be agreed upon between the directors and
the purchasers.

3. The said company is authorized and empowered to
purchase, acquire, hold, own, lease, and control in any
manner, grant, bargain, sell, mortgage, convey, and other-
wise dispose of real and personal properties of any kind in
this state or elsewhere: provided, that said company shall
not own more than twenty thousand acres of land in any
one county in this state at any one time, and the said
company is authorized to lay out said lands, or any part
thereof, into parcels or lots of convenient size, with roads,
lanes, streets, and alleys, and develop, work, improve and
cultivate or otherwise use or dispose of the same in such
manner and upon such terms as said company may think
proper; and the said company shall have the right to con-
struct and maintain within any city, town or village which
said company may plot or lay out street railroads, and
operate the same by steam, electric or animal power, and
erect and operate water-works and gas-works and other
systems of illuminations. The said company may also
build, construct, and operate tramways and railroads not
exceeding forty miles in length, with tracks of wood, iron
or steel, from the lands of the said company, to connect
with such other railroads, mines or manufacturing estab-
lishments, which, in the judgment of the board of direc-
tors, shall seem advantageous to the company or offer
sufficient tonnage to justify their construction. And the
said company is authorized to transport logs, lumber, coal,
ore, merchandise, and other freight and passengers: pro-
vided, that it shall not discriminate in favor of its own
products against those of other persons, but shall, in all
matters of transportation upon its tramways or railroads,
be subject to the laws of the state confrolling common
services; and for the purpose of constructing, maintaining
and operating any of the above works, the said company
shall have all the rights, powers, and privileges which are
given to internal improvement companies by the general
laws of the state.

4. The said company is authorized and empowered to
mine and quarry iron, manganese, coal, marble, and other
mineral! substances and stone, and to prepare and manu-
facture the same, for use and sale, in all manner of forms
it may adopt, and to manufacture and prepare for market
all other raw materials, mineral or vegetable, and for this
purpose may erect and operate all kinds of furnaces, mill
manufactories, coke ovens, machinery, and other works
necessary for the enjoyment of the privileges herein
granted to the fullest and most ample extent.

5. The following persons shall constitute the first board
of directors of the said company, one of whom they shail
elect president: Samuel H. Hudnall, Charles Brice, Thomas
N. Page, Thomas N. Carter, Frank Nelson, Rosewell Page,
and William C. Bruce. They shall adopt a code of by-
laws, appoint a secretary and treasurer, and when so
organized they shall be authorized to change the corporate
name of said company if deemed advisable, fix the amount
of the capital stock, and to exercise all the powers con-
ferred by this charter; the secretary shall certify such
organization on the books of the company, a copy of which,
duly attested by a notary public, shall be received in all
courts, and elsewhere, as evidence of the legal organiza-
tion of said company. They shall continue in .office one
year, and until their successors are elected by the stock-
holders. Each stockholder in the company shall, at al}
meetings and elections, be entitled to one vote for each
share of stock registered in his name.
6. The board of directors may establish offices and
agencies at such places as they may deem proper, but the
principal office.shall be located in the state of Virginia.

7. No stockholder shall ever be liable ot made responsi-
ble for its debts and liabilities in a larger or further sum
than the amount of any unpaid balance due to said com-
pany on account of stock purchased from the company by
said stockholder.

8. This charter herein granted, except as to matters
herein specially provided for, is hereby declared to be sub-
ject to the provisions of the genera] law in regard to char-
tered companies and corporations, as expressed in the
code of Virginia, edition of eighteen hundred and eighty-
seven. Whenever this corporation shall exercise any of
the privileges conferred by this act, it shall be liable to
the same taxes as may be imposed by Jaw upon other like
corporations: and it is further provided, that the said
taxes shall be paid in lawful money of the United States
and not incoupons. And the said company may unite, con-
solidate, or merge its rights, powers, privileges, franchises,
and properties, with those of any other incorporated com-
pany, full power being given to any such company to
form such union, consolidation, or merger, and the com-
pany formed by the union, consolidation, or merger of
this company with any other company, or companies, shall
have, possess, and enjoy, to the fullest and most ample
extent, all the rights, powers, privileges, and franchises
which, at the date of the union, consolidation, or merger,
each and every of the said companies possessed.

9. This company, so far as its properties are located,
and operations are conducted, within this state, shall
always remain a Virginia corporation, and subject to the
jurisdiction of its courts.

10. This act shall be in force from its passage.

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